short term capital gains

Indian American doctor ordered to pay $16 mn tax default

January 29th, 2010 - 10:44 am ICT by IANS
By Arun Kumar Washington, Jan 29 (IANS) An Indian American cardiologist has been sentenced to nearly four years in prison and ordered to pay back to the state the $16 million he failed ... Read more...

Posted in Health |

Indian American doctor convicted for $16 mn tax evasion

October 9th, 2009 - 12:43 pm ICT by IANS
By Arun Kumar Washington, Oct 9 (IANS) A federal jury has convicted an Indian American cardiologist for evading more than $16 million dollars in income taxes and filing false tax returns.According to ... Read more...

Posted in World |

Budget sidelined NRIs, but still something to cheer about

March 13th, 2008 - 11:34 am ICT by admin
(Commentary) By Kul Bhushan Have NRIs been sidelined in the latest Indian budget? Since the government is all out to get votes for the general election next year, special concessions for NRIs were perhaps ... Read more...

Posted in Business |

Budget blues and global cues hit Indian stocks hard

March 8th, 2008 - 4:48 pm ICT by admin
(Weekly Market Review)Mumbai, March 8 (IANS) The Indian equities market was battered by weak global market and budget blues this week. The hike in short term capital gains tax in the 2008-09 ... Read more...

Posted in Business |

Chidambaram bats for cheaper housing loans

March 6th, 2008 - 5:27 pm ICT by admin
New Delhi, March 6 (IANS) Finance Minister P. Chidambaram Thursday made another pitch for commercial banks to cut interest rates for their consumers, especially on housing loans up to Rs.2 million that ... Read more...

Posted in Business |

India’s budget pours cold water on capital market

February 29th, 2008 - 7:45 pm ICT by admin
(Roundup)Mumbai, Feb 29 (IANS) India's national budget dampened hopes of investors, with key market indices ending the day with losses even as Finance Minister P. Chidambaram hiked tax on short-term capital gains ... Read more...

Posted in Business |

Industry lauds Chidambarams Budget

February 29th, 2008 - 5:07 pm ICT by admin
New Delhi, Feb 29 (ANI): Finance Minister P Chidambaram Union Budget proposals for 2008-09 has got the thumbs up from the industry and investment bankers, who described it as a "fantastic" job. ... Read more...

Posted in Business |

Markets slip on tax hike on short-term capital gains

February 29th, 2008 - 3:30 pm ICT by admin
Mumbai, Feb 29 (IANS) The Indian stock market reacted negatively to a hike declared on taxes on short-term capital gains to 15 percent from 10 percent. India's benchmark index tumbled over 350 ... Read more...

Posted in Business |